EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

Euro's decline continued on yesterday and bids near key support at 1.3100 have been tested, before recovering to 1.3273, erasing yesterday's losses of 170 points. Minor resistance is emerging at 1.3280 followed by 1.3330 and a more notable barrier at 1.3400/15 which will probably limit the upside on extended rallies. Daily sentiment is slightly bearish and the current recovery to 1.3280 is irrelevant, not affecting the downside bias. A break above 1.3400/15 is needed to resume uptrend. On the lower zone, important support is formed around 1.3100 by the 50% retracement of the 1.2455-1.3735 move. Below 1.3100, next bearish objective is seen at 1.2945/50 - 61.8% retracement of the mentioned upward move. Hourly momentum is slightly bullish at the time of this writing. Current quote is 1.3233 @06:10 GMT

Support levels: 1.3095/00, 1.3000 and 1.2945/50.
Resistance levels: 1.3280, 1.3330/50 and 1.3400/15.
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : slightly bearish

AUDUSD

Resistance on the .6900 mark has been under pressure earlier today as the Aussie dollar recovered half of its recent losses from .7025 to .6770. A break above .6900 will most likely resume uptrend, favoring gains towards the .7050 area within the coming days. Intra-day sentiment is bullish although the Aussie dollar is currently retracing. Uptrend should resume if intra-day support into the .6820-.6830 region remains intact. Current quote is .6861 @06:10 GMT

Support levels: .6820/30, .6770, .6700 and .6600/05.
Resistance levels: .6900, .6950 and .7000.
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : slightly bearish

EURCHF

The pair stalls into the 1.5150 support zone since yesterday. Resistance starts at 1.5200 followed by 1.5290/00 and 1.5350. A break above 1.5290 is needed to confirm that uptrend resumes. Daily studies are slightly bearish as the downside is under constant pressure lately. Below 1.5150, losses may extend to 1.5000/10 where important support is seen - formed by the 50% retracement of the 1.4575-1.5445 move. Current quote is 1.5160 @06:10 GMT

Support levels: 1.5120/50, 1.5000/10 and 1.4915.
Resistance levels: 1.5200, 1.5290/00 and 1.5350.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish

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